OPEN-SOURCE SCRIPT
CSR Ultimate (Final)
This indicator calculates and displays a "Candle Strength Ratio" (CSR) to help you gauge bullish versus bearish momentum on a given timeframe. Here’s what it does:
*Multiple Calculation Methods:*
*You can choose among three different methods:*
-Classic CSR: Compares the difference between the upper and lower parts of the candle relative to its total range.
-Weighted Body CSR: Gives more weight to the candle’s body relative to its wicks.
-Close-Focused CSR: Focuses on the net movement from open to close relative to the full range.
*Optional Enhancements:*
The indicator allows you to enable additional features to refine it:
-Volume Weighting: Adjusts the CSR based on the ratio of current volume to a moving average of volume, so a candle on higher-than-average volume might carry more weight.
-ATR Normalization: Normalizes the CSR using the Average True Range (ATR) to account for market volatility.
-Multi-Bar Averaging: Averages the CSR over a specified number of bars to smooth out noise.
-RSI Filter: Optionally checks an RSI condition (bullish if RSI > 50 or bearish if RSI < 50) to help filter out signals that might not be supported by overall momentum.
*Visual and Alert Features:*
The indicator plots the CSR line with color coding (green for bullish, red for bearish) and draws horizontal threshold lines. It also adjusts the chart background color when the CSR exceeds defined bullish or bearish levels and provides alerts when these thresholds are crossed.
*Multiple Calculation Methods:*
*You can choose among three different methods:*
-Classic CSR: Compares the difference between the upper and lower parts of the candle relative to its total range.
-Weighted Body CSR: Gives more weight to the candle’s body relative to its wicks.
-Close-Focused CSR: Focuses on the net movement from open to close relative to the full range.
*Optional Enhancements:*
The indicator allows you to enable additional features to refine it:
-Volume Weighting: Adjusts the CSR based on the ratio of current volume to a moving average of volume, so a candle on higher-than-average volume might carry more weight.
-ATR Normalization: Normalizes the CSR using the Average True Range (ATR) to account for market volatility.
-Multi-Bar Averaging: Averages the CSR over a specified number of bars to smooth out noise.
-RSI Filter: Optionally checks an RSI condition (bullish if RSI > 50 or bearish if RSI < 50) to help filter out signals that might not be supported by overall momentum.
*Visual and Alert Features:*
The indicator plots the CSR line with color coding (green for bullish, red for bearish) and draws horizontal threshold lines. It also adjusts the chart background color when the CSR exceeds defined bullish or bearish levels and provides alerts when these thresholds are crossed.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。